Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Monthly Payments Creep Higher. As has been the case for the last several years, the average monthly payment edged slightly higher in the second quarter. Experian said the average new car loan monthly payment was $452 in the second quarter, up $2 compared to a year ago. The average used car loan monthly payment rose $4 to $351. In both cases, monthly payments are rising in large part because car and truck buyers are financing a higher amount. The average amount financed with a new vehicle loan is $25,714, an increase of $474. For used vehicle buyers, the average amount financed was $17,433 in the second quarter.